South America has been a major producer of oil and gas, with the fossil fuel sector contributing significantly to economic growth. Its emergence out of poverty will depend not just on production of fossil fuels but also on their use to drive an industrialized economy.Recent developments in the oil and gas sectors indicate that some of the struggling economies might benefit from the production and export of oil and gas. Here is a look at some of those developments in 2021 that offer a glimmer of … [Read more...]